NACCO Industries (NYSE:NC) Announces Earnings Results

NACCO Industries (NYSE:NC) posted its quarterly earnings results on Wednesday. The company reported $1.44 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $80.49 million during the quarter. NACCO Industries had a net margin of 6.21% and a return on equity of 4.00%.

NACCO Industries Stock Performance

Shares of NYSE:NC traded down $0.74 during midday trading on Thursday, reaching $33.13. The company’s stock had a trading volume of 4,275 shares, compared to its average volume of 15,006. The firm has a market capitalization of $250.07 million, a PE ratio of 14.52 and a beta of 0.57. NACCO Industries has a twelve month low of $32.32 and a twelve month high of $59.42. The stock has a fifty day moving average of $37.17 and a 200 day moving average of $46.69. The company has a quick ratio of 2.33, a current ratio of 3.30 and a debt-to-equity ratio of 0.26.

NACCO Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were issued a $0.2625 dividend. This represents a $1.05 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, August 31st. NACCO Industries’s dividend payout ratio is 45.65%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded NACCO Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Byrne Asset Management LLC boosted its stake in shares of NACCO Industries by 9.6% in the second quarter. Byrne Asset Management LLC now owns 4,567 shares of the company’s stock worth $229,000 after buying an additional 400 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in NACCO Industries during the second quarter worth about $300,000. PNC Financial Services Group Inc. grew its holdings in NACCO Industries by 1.3% during the first quarter. PNC Financial Services Group Inc. now owns 48,413 shares of the company’s stock worth $2,516,000 after acquiring an additional 604 shares during the period. Finally, Ancora Advisors LLC raised its position in NACCO Industries by 17.5% during the second quarter. Ancora Advisors LLC now owns 55,903 shares of the company’s stock valued at $2,798,000 after acquiring an additional 8,344 shares in the last quarter. 49.10% of the stock is currently owned by institutional investors and hedge funds.

NACCO Industries Company Profile

NACCO Industries, Inc is a natural resources company that provides mining and natural resource development services primarily in the United States. Through its subsidiaries, the company operates in coal mining, aggregates and minerals management, serving customers in the power generation, industrial and construction sectors.

Its principal business is conducted through The North American Coal Corporation, which develops and operates surface coal mines under long-term contracts for electric utilities and industrial customers.